Concepts in Islamic Banking (Part 2)
6. Bai’ al-Dayn (Debt Trading)
Debt financing refers to providing financial resources for production, commerce and services through the sale or purchase of trade documents and papers. Only documents evidencing real debts arising from bona fide merchant transactions can be traded.
7. Al-Ijarah (Leasing)
An arrangement under which one leases equipment, building or other facility to a client at an agreed rate against a fixed charge, as agreed by both parties.
8. Al-Qardhul Hassan (Benevolent Loan)
An interest-free loan. The borrower is only required to repay the principal amount borrowed, but he may pay an extra amount at his absolute discretion as a token of appreciation.
9. Bai’ As-Salam (Future Delivery)
An agreement whereby payment is made immediately while goods are delivered at an agreed late date. It is equivalent to an advance payment.
10. Bai’ al-Istijrar (Supply Contract)
An agreement between the client and the supplier whereby the supplier agrees to supply a particular product on an on-going basis, for example monthly, at an agreed price and on the basis of an agreed mode of payment
[...] konsep ekonomi Islam secara umumnya bergerak atas landasan al-Wadi’ah, al-Mudharabah, al-Musyarakah dan juga Qardhul Hassan. Ini semua akan diterangkan [...]